| Author | Message | ||
| David White (Dwhite)
Junior Member Username: Dwhite Post Number: 108 Registered: 7-2002 |
Unfinished restorations are fine if you are planning on doing the work yourself. The problem these folks ran into will be the same as anyone else who has to pay someone to complete the job, you generally never get out of it what you put in. It better be a hobby/passion or it's just going to kick you in the pocket. I'm sure there are others out there on this forum who have restored cars and can't get back what they have put in. I have but it was never done as an investment. Although, seeing what my portfolio has done in the last few years maybe it was. | ||
| Charles Barton (Airbarton)
Junior Member Username: Airbarton Post Number: 151 Registered: 11-2002 |
I also think it's a good time to buy! I would hate to be a seller right now! | ||
| TomD (Tifosi)
Advanced Member Username: Tifosi Post Number: 2501 Registered: 9-2001 |
There is an article in the WSJ today on how many people bit off mroe than they can chew in trying to restore old classics, ferraris, vettes, lotus, etc and now more than ever people are getting out of half finished projects at fractions of what they put into them. talks about how the parts industy makes its sound so easy to rebuild your engine and do the restorations yourself. Points outs dropping prices - at BJ auction almost 75% of the cars had no reserve up from 60% last year - people are getting out. Maybe time to buy  |